Diokno: 50 bps rate cut, slow RRR reduction next year

Dec 18, 2019 11:00 pm

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno (TMT file photo)

The central bank is likely to cut interest rates by at least 50 basis points next year, but will take it slow in terms of reducing banks' reserve requirement ratio (RRR), Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said.

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